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RXT Digital Limited Launching a $500 Million Bond to Establish Bitcoin Land in Malaysia
October 24, 2023 7:54 AM EDT | Source: LBank Agency
Kuala Lumpur, Malaysia--(Newsfile Corp. - October 24, 2023) - In a landmark collaboration that promises to redefine Asia's fintech landscape, RXT Digital Limited, assembled a team of highly experienced professionals, including ASA Securities Limited, Greenpro Capital and L&Y Law Office to create a bond with a principal amount of US$500,000,000. The collaboration agreement among the parties was signed in Hong Kong.
Figure 1
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The bond, underpinned by the Malaysia infrastructure project - Bitcoin land, is more than a financial endeavour; it's a vision of the future. The Bonds are earmarked for an audacious infrastructure project that aims to transform a prime location in Malaysia into "Bitcoin Land". This initiative envisions a sprawling hub, complete with state-of-the-art facilities, dedicated workspaces for fintech start-ups, an innovation center for blockchain research, and a mission to become the Web3 hub of Asia.
"The project is a commitment to the future of decentralized finance and technology," remarked a spokesperson from RXT Digital Limited. "We're envisioning a space where technology evangelists, enthusiasts, start-ups, and established financial entities to redefine the future of finance and lay the foundation for Asia's Web3 revolution."
The Bond is a private placement bond to professional and institutional investors only. Investors would anticipate a bond duration of 5 years, offering a competitive yield with annual interest disbursements.
Figure 2
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A photograph accompanying this announcement showcases the key individuals behind this ground breaking initiative. From left to right:
- Thomas Wong ASA Securities
- Gilbert Wong ASA Securities
- Dato Muhamad Firdaus Azhar RXT Digital
- Phillip Tam, Greenpro Capital
- Dato Abdul Haadi Azhar RXT Digital
- Representative from L&Y Law Office
Beyond its financial implications, the collaboration symbolizes the convergence of traditional finance with the rapidly evolving world of blockchain and Web3 technologies. "Bitcoin Land" is set to feature digital educational centers, blockchain labs, virtual trading floors, and even recreational areas, making it a holistic space for both work and leisure activities.
Dato Muhamad Firdaus Azhar commented, "Malaysia, with its rich history and cultural significance, is the perfect backdrop for this futuristic endeavor. 'Bitcoin Land' will not only solidify Malaysia's position in the global fintech arena but cementing its reputation as the Web3 hub of Asia."
As the global financial landscape undergoes rapid transformation, "Bitcoin Land" in Malaysia stands as a testament to the limitless possibilities when vision, innovation, and collaboration come together.
For additional details and media inquiries, please contact : Mr. John Henderson (media@rxt.world) - Media Manager
Disclaimer: This update is a mere business update and does not intend to solicit or induce any investment from the Hong Kong public.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/184774